New York

Quartet nets $60 million, plus more top funding news for New York-based companies

New York-based predictive analytics company Quartet has secured $60 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 14 and financed by Centene.

According to its Crunchbase profile, "Quartet Health is a behavioral health technology company. Our suite of products enables a proven model that integrates care for patients with chronic medical and behavioral health conditions. By aligning a quartet of key stakeholders — patients, behavioral health clinicians, medical providers and payers — we are delivering improved outcomes that also lower total cost of care."

The five-year-old company has raised three previous funding rounds, including a $45 million Series C round in 2018.

The round brings total funding raised by New York companies in health care over the past month to $357 million, an increase of $240 million from the month before. The local health care industry has produced 208 funding rounds over the past year, securing a total of $3.2 billion in venture funding.

In other local funding news, shoes and wearables company Tamara Mellon announced a $50 million Series C funding round on June 17, led by Centricus.

According to Crunchbase, "Tamara Mellon offers apparel and accessories for women. It offers shoes, including sandals, boots, pumps, flats and legging boots; bags and accessories; and ready to wear solutions, such as dresses, jumpsuits and rompers, tops and knitwear, pants and skirts, and jackets and outerwear. Tamara Mellon sells its products through retail and online stores in the United States and internationally."

Founded in 2010, the company has raised two previous rounds, including a $23 million Series B round in 2018.

Meanwhile, management consulting company NewtonX raised $12 million in Series A funding, announced on June 18. The round was financed by Two Sigma Ventures.

From the company's Crunchbase profile, "NewtonX is the world's first AI-powered Knowledge Marketplace. We connect leading corporate, management consulting and investment professionals to the world's leading technology experts."

NewtonX last raised $3 million in seed funding in 2017.

Also of note, communities and video streaming company Livepeer raised $8 million in Series A funding, announced on June 17 and led by Northzone.

From Crunchbase, "Livepeer develops and operates a platform for decentralized live video broadcast on the Internet. It provides an open platform that gives broadcasters, developers and users the ability to get content and message out. Livepeer combines a blockchain based crypto-token protocol with economic incentives and an open media server."

The company previously raised seed funding in 2017.

Rounding out the city's recent top local funding events, robotics company Willo raised $7.5 million in seed funding, announced on June 13.

From Crunchbase, "Willo develops technology in oral health that automatically empowers everyone to achieve the best at-home clean possible."

The company previously raised seed funding in 2016.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.